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ipo: Joyalukkas to open 40 new showrooms in India, abroad in next 2 yrs with investment of Rs 2,400 cr

Jewellery firm Joyalukkas India Pvt Ltd plans to invest Rs 2,400 crore in the next two years to open 30 new showrooms in India and ten overseas. The company also intends to go public to expand its business. Currently, Joyalukkas has 100 showrooms in India and 60 outlets in ten countries. The investments will be funded through internal accruals and bank loans, and the showrooms will be company-owned. ....

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